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About the Role

This role is within the OFAC Team of the Financial Intelligence Unit, analyzing OFAC alerts from CFSB’s banking services. The position requires professionalism, integrity, and a solid understanding of OFAC sanctions, Anti-Money Laundering (AML), and Bank Secrecy Act (BSA) regulations.

Responsibilities

• Conduct sanctions screening of real-time and post-transactional alerts for potential violations of OFAC and other governmental sanctions.
• Investigate potential matches and true positive hits, escalating for further review and approval as required.
• Review daily manual reports for OFAC screening, documenting reviews and reporting findings to management.
• Identify potential matches requiring additional research and escalate potential sanctions violations and/or reputational/financial risks.
• Ensure escalation of alerts are properly handled and documented according to procedures.
• Interact with other departments and lines of business on issue resolution.
• Stay abreast of regulatory changes and AML related news, with an emphasis on OFAC sanctions-related developments.
• Ensure timely completion of all mandatory training requirements.
• Effectively utilize and operate all tools and technology appropriate to the role.
• Identify potential strategic process improvements and assist with implementation.
• Assist other teams within Compliance when needed.

Requirements

• 1 to 3 years in an OFAC screening-specific role.
• Familiarity with OFAC screening within ACH and wire transfer transaction threads.
• Ability to obtain necessary information to classify an OFAC hit as a “match” or “not a match” with minimal guidance and supervision.
• Ability to make accurate decisions supported by detailed documentation.
• Organized, detail-oriented, self-motivated.
• Strong communication, writing, and follow-up skills.
• Ability to liaise between internal business lines and external vendors and clients.
• Ability to work well both independently and as part of a team.
• Ability to work dependably and consistently under team constraints.
• Ability to manage time efficiently and effectively.
• Ability to identify, escalate, and resolve a problem.
• Proficiency in standard Microsoft Suite programs.

Skills

• OFAC screening
• ACH screening
• Wire transfer screening
• Research
• Analysis
• Communication
• Writing
• Follow-up
• Problem-solving
• Microsoft Suite

Location

• New York City

Work Type

• Full-time

Experience Level

• 1-3 years

About the Company

• CFSB is a federally chartered bank founded in 2001 and headquartered in New York City.
• CFSB provides banking and payment solutions for consumers, businesses, and fintech partners.
• The bank specializes in supporting embedded finance, Banking-as-a-Service (BaaS), and payment processing.
• CFSB offers traditional banking products such as deposit accounts and lending services.
• CFSB is recognized for its strong regulatory and compliance focus.
• CFSB partners with innovative financial technology companies to deliver secure, scalable financial services.
• CFSB has focused on providing superior service and added value to clients through a solid understanding of relationship banking.
• CFSB offers a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

Equal Opportunity

• We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.